8/2/2019, 7:07 AM (Source: TeleTrader)
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Chart for: ALLIANZ SE NA O.N.

Allianz posts Q2 revenue of €33.2B, up 6.1% YoY

German insurance giant Allianz SE's revenue for the second quarter of 2019 rose 6.1% to reach €33.2 billion, the company announced on Friday. Its net income also jumped by 13.1% to hit €2.1 billion.

In addition, the company's operating profit increased by 5.4% to €3.2 billion and its earnings per share grew by 4.41% to total €5.11 per share. It also confirmed its operating profit outlook for the year at €11.5 billion plus or minus 500 million euros.

"I am proud that the Allianz team has once again delivered a healthy performance," said CEO Oliver Bate. "Sustainable performance is the result of our rigorous strategy execution that provides desired solutions for our customers. Our half-year results testify that Allianz is on track to achieve its full-year targets," he added.

Breaking the News / DZ